Invesco (NYSE:IVZ) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Invesco (NYSE:IVZ) from a buy rating to a hold rating in a research report report published on Sunday morning.

IVZ has been the subject of several other reports. The Goldman Sachs Group upped their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Barclays lifted their target price on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Evercore set a $32.00 price target on shares of Invesco in a research note on Friday, July 10th. TD Cowen raised their price objective on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $29.88.

Invesco Stock Up 0.0%

Shares of NYSE:IVZ opened at $31.59 on Friday. The stock’s 50-day moving average is $28.61 and its 200 day moving average is $26.78. The company has a market cap of $14.01 billion, a PE ratio of -46.46, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. Invesco has a 1 year low of $20.41 and a 1 year high of $32.55.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. Sell-side analysts anticipate that Invesco will post 2.8 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. Invesco’s dividend payout ratio is -126.47%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its holdings in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after buying an additional 558 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Invesco during the fourth quarter valued at $44,000. Root Financial Partners LLC increased its holdings in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Invesco in the 4th quarter worth about $46,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.